Not really
This means that the car industry is not artificially inundated with subsidies. With the subsidies, the car industry was able to increase its prices even further. Compare the prices with other countries in the world where no state subsidies have been granted. We pay overpriced prices for an EV in Europe, what's the point?
It is high time that the car industry itself realised that it is counterproductive to start a new segment with overpriced cars! This will come back as a boomerang. VW's sales figures in China speak volumes! As long as an EV remains more expensive than an ICE, there will be no successful assertion against a world power like China!
We Europeans have been too complacent in recent years and that is now being penalised! I'll just say one thing, the European car industry will fail it they won‘t change the way they‘re doing things at the moment. For me, the end of subsidies is a good sign so that the market can now regulate itself and that will lead to increasing EV sales in the long term and that should further increase the demand for lithium!
What more do we want?
Good News & Bad News, page-36999
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